Commerce Finds Chinese Electrical Steel Unfairly Subsidized

Law360, New York (March 6, 2014, 5:14 PM EST) -- Chinese producers of electrical steel used in power transformers have benefited from unfair government subsidies, the U.S. Department of Commerce said Wednesday, announcing the initial results of a countervailing duty investigation.

Commerce's International Trade Administration said it had reached a preliminary determination that grain-oriented electrical steel, or GOES, from China has benefited from government subsidies that could be offset by countervailing duties. With the preliminary finding, Commerce assigned a subsidy rate of 49.15 percent to Baoshan Iron & Steel Co. Ltd. and other Chinese GOES producers....
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